The Vietnam Holdings Limited (VNH), whose shares are being listed on the London Stock Exchange, has decided to invest US$112.5 million in Vietnam.

Under VNH's plan, at least 70 percent of the sum will be invested in shares of equitised enterprises, and the remainder in shares of private and foreign-invested businesses as well as bonds that can be converted to shares.

The VNH intends to invest in consumer and pharmaceutical products, services, electricity and energy (primarily oil and gas), telecommunications, mining, tourism, financial and distribution services, transport, construction and construction materials. 

VNH President Min Hwa Hu Kupfer said the VNH was set up with a view to helping long-term investors.